pittmensah

pittmensah Updated 

OIL is looking downside at this point. I was expecting a push more to break the recent high but it may not. I will be taking a position with a very little risk exposure just to be sure. Do like if you find this idea useful. Thanks.

pittmensah Updated 

Using supply and demand, I am anticipating a significant rise for the Euro against the Dollar. A strong demand area is coming up and the risk is a little large so we can wait for a confirmation after the zone is tested. Lets wait for the setup to show up Do like if you find this idea useful. Thanks.

pittmensah Updated 

Price has currently moved bearish significantly in the daily time frame and we should be expecting a correction to "minor supply area" for a sell. Ultimately, we are setting ourselves up for a buy to continue in the direction of the main trend. Do like and comment if you like the idea. Thanks

pittmensah Updated 

A combination of supply and demand, Fib analysis was used to reach this conclusion. A likelihood it will complete a 3 wave pattern is high hence the short bias. Let us wait for price to reach the identified supply zone for an opportunity to sell. Meanwhile, we seat back and relax. Do like and comment if you like the idea. Thanks.

pittmensah Updated 

This trade is not ideal and it is counter trading against the current trend. Just curious if my idea will work out.

pittmensah Updated 

Here is a n alternative to my previous idea. I we get a break of the recent high on the 1HR time frame, then this count will be viable. Do like and comment if you like the idea. Thanks

pittmensah Updated 

After my previous post on a short term oil buy, we are now looking for an opportunity to go short. Waiting for price action to talk then I take action. Do like and comment if you like the idea. Thanks

pittmensah Updated 

Entered too early in my previous post and was stopped out.... still looking for a buy opportunity. A break of the trend line will be my signal or another move down will be a good time to look for a buy at the bottom. When the wave B is complete we will have an idea of how far wave C may go...compared to what is on the chart. Do like and comment if you like the...

pittmensah Updated 

A potential lat has just completed and there is a chance we will see a lower low of the previous low. Lets see how it goes. Do like if you like the idea. Thanks.

pittmensah Updated 

I am expecting a wave (B) to start anytime now and if a nice correction is build or identified with this trade, then we have a nice setup to trade the wave (C) which will give us good profits. Lets see how it plays out

pittmensah Updated 

A nice flat is forming on the 4H time frame and I am taking he completion leg. then observe price action for a sell at the top of the C leg of the flat. Lets see how it plays out.

pittmensah Updated 

From my previous post, I have updated the labeling of the correction and the instrument is playing out nicely so far. Lets see how it goes... Minimum target is the .618 extension as seen on the chat.

pittmensah Updated 

On the weekly chart of Gold, we saw that supply was greater than demand and a sell off followed through. Drilling down to the 4 hours chart, we have a potential of getting into a sell off at a potential supply area. We will place our order in the supply zone and place or risk a few pips (10) above the zone. Our TP will be the next demand zone that was identified...